Why is the fact that moneylenders marginal costs are below average costs a hallmark of monopolistic competition?

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Why is the fact that moneylenders’ marginal costs are below average costs a hallmark of monopolistic competition?

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The Economics Of Microfinance

ISBN: 978-0262513982

2nd Edition

Authors: Beatriz Armendariz ,jonathan Morduch

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Question Posted: May 31, 2024 03:00 AM

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Why is the fact that moneylenders marginal costs are below average costs a hallmark of monopolistic competition?

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The Economics Of Microfinance

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